ENGINEERING FUNDAMENTALS
6th Edition
ISBN: 9781337705011
Author: MOAVENI
Publisher: CENGAGE L
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Chapter 20, Problem 30P
To determine
Find the value of
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Suppose that the parents of a young child decide to make annual deposits into a savings
account with the first deposit being made on the child's 5th birthday and the last deposit being
made on the 15th birthday. Then starting on the child's 18th birthday, the withdrawals shown
below will be made. If the effective annual interest rate is 8% during this period of time, what
are the annual deposits in year 5 to 15?
3200
2800
2400
2000
5 bday
15th bdav
18
19
20
21
A = ?
Using Excel or a spreadsheet of your choice, create interest–time factor tables, similar to Table 20.9 , for i = 8 5% and i = 9 5%.
4. Use the cash flow diagranm below to calculate the amount of money in year
that is equivalent to all the cash flows shown, if the interest rate is 12%
5.
per year.
2 3
4
6 7 8 9 10 11 12 13 Year
$1000
$2000
Chapter 20 Solutions
ENGINEERING FUNDAMENTALS
Ch. 20.4 - Prob. 1BYGCh. 20.4 - Prob. 2BYGCh. 20.4 - Prob. 3BYGCh. 20.4 - Prob. 4BYGCh. 20.4 - Prob. 5BYGCh. 20.4 - Prob. BYGVCh. 20.5 - Prob. 1BYGCh. 20.5 - Prob. 2BYGCh. 20.5 - Prob. 3BYGCh. 20.5 - Prob. BYGV
Ch. 20.8 - Prob. 1BYGCh. 20.8 - Prob. 2BYGCh. 20.8 - Prob. 3BYGCh. 20 - Prob. 1PCh. 20 - Prob. 2PCh. 20 - Prob. 3PCh. 20 - Prob. 4PCh. 20 - Prob. 5PCh. 20 - Prob. 6PCh. 20 - Prob. 7PCh. 20 - Prob. 8PCh. 20 - Prob. 9PCh. 20 - Prob. 10PCh. 20 - Prob. 11PCh. 20 - Prob. 12PCh. 20 - Prob. 13PCh. 20 - Prob. 14PCh. 20 - Prob. 15PCh. 20 - Prob. 16PCh. 20 - Prob. 17PCh. 20 - Prob. 18PCh. 20 - Prob. 19PCh. 20 - Prob. 20PCh. 20 - Prob. 21PCh. 20 - Prob. 22PCh. 20 - Prob. 23PCh. 20 - Prob. 24PCh. 20 - Prob. 25PCh. 20 - Prob. 26PCh. 20 - Prob. 27PCh. 20 - Prob. 28PCh. 20 - Prob. 29PCh. 20 - Prob. 30PCh. 20 - Prob. 31PCh. 20 - Prob. 32PCh. 20 - Prob. 33PCh. 20 - Prob. 34PCh. 20 - Prob. 35PCh. 20 - Prob. 36PCh. 20 - Prob. 37PCh. 20 - Prob. 38PCh. 20 - Prob. 39PCh. 20 - Prob. 40PCh. 20 - Prob. 41PCh. 20 - Prob. 42PCh. 20 - Prob. 43PCh. 20 - Prob. 44PCh. 20 - Prob. 45PCh. 20 - Prob. 46PCh. 20 - Prob. 47PCh. 20 - Prob. 48PCh. 20 - Prob. 49PCh. 20 - Prob. 50PCh. 20 - Prob. 52PCh. 20 - Prob. 53PCh. 20 - Prob. 54P
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- 2. Attach a complete solution. Draw the cash flow diagram. Suppose that P 4500 is deposited each year into a bank account that pays 8% interest compounded quarterly. How much would be accumulated in his fund by the end of the 4th year? The first payment occurs at time zero (now).arrow_forwardI need to solve all questions and in handwriting Q3/ Find the effective interest rate per quarter at nominal interest rate og 8% compounded a)quarterly, b) monthly, c) weekly, and d) daily Q4/ Suppose you make $500 deposit monthly at interest rate of 10% compounded monthly. What is the amount (F) will be at the end of 10 years?arrow_forwardDeposits of 35 000.00, 48 000.00, and 25 000.00 were made in a savings account eight years, five years, and two years respectively. Determine the accumulate amount in the account today if a withdrawal of 55 000.00 was made four years ago. The applied interest rate is 12% compounded continuously.arrow_forward
- Calculate the total present worth of the cash flow below using an interest rate of 2.8% and when Q is: i. $1950 ii. $1250 iii. $580 iv. $0 0 1 2 3 4 5 6 Which case from (i), (ii), (iii), and (iv) produces the highest total present worth? is it the best case to invest in? Why? $14700 + $335 $335 → $750 00sS → $950arrow_forwardQuestion 2 (1 point) Listen Rachel can earn 3% interest in her savings account. Her daughter Dani is 11 years old today. Suppose Rachel deposits $4000 today, and one year from today she deposits another $500. Each year she increases her deposit by $500 until she makes her last deposit on Dani's18th birthday. how much is on deposit after the 18th birthday? $20,635.62 $18,236.68 $23,623.00 $26,369.36 Previous Page Next Pagearrow_forwardQuestion 10 If $280 is deposited in a savings account at the beginning of each year for 14 years and the account draws interest at 6.6% per year, compounded annually, the value of the account at the end of 14 years will be most nearly Express your answer in whole number.arrow_forward
- 9. A cash flow has the following income values: $100 at end of year 2, $200 at end of year 3, $300 at end of year 4, $500 at end of year 6, and $600 at end of year 7. Solve for the present value, P, of the cash flows by using only two interest factors. The interest rate is 11% per year.arrow_forward-What is the principal amount if the interest at the end of 2.5 years is 4,500 with a simple interest rate of 6.01% per year? -How long does a 40,000 note with 4.02% simple interest have to run to equal 41,400? -What is the annual rate of interest if 16,000 earns 482 in 9 months? 3 decimal places thank youarrow_forwardQ3:How much money must you deposit in year 6 if you deposit $5000 now and you want to have $12,000 at the end of year 11? Assume your deposits earn interest at 6% per year. [40 marks]arrow_forward
- 24 If $210 is deposited in a savings account at the beginning of each year for 3 years and the account draws interest at 4.2% per year, compounded annually, the value of the account at the end of 3 years will be most nearly Express your answer in whole number.arrow_forwardA man will deposit 200 with a savings bank at the beginning of each 3 months for 9 years. If the bank pays interest at the rate of 5.5% quarterly, find the sum to his credit just after the last deposit. *written solution pleasearrow_forwardWithout using excel. (A) Determine the number of possible rate of return value. (B) Find all i* values between 0 and 100%arrow_forward
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